The European Commission's latest assessment on Greece's economic state is set to be a positive one, European Economic Commissioner Pierre Moscovici told CNBC Monday, after the country did a "tremendous" amount of work to complete its latest reform milestones.
"We are going to give – at the commission – an assessment today saying that the 15 milestones – all of them – are now completed and this should normally open the way to the disbursement of the remaining 2.8 billion euros," Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, told CNBC's Nancy Hungerford on Monday.
Euro zone finance ministers are currently congregating in Luxembourg for a meeting of the Eurogroup to discuss Greece's progress in implementing the spending cuts and economic measures it needs to introduce to receive further bailout payments.
They are expected to decide whether the country has carried out sufficient reforms to warrant a 2.8 billion euro ($3.1 billion) disbursement, the last section in the "first review" of its aid program.
However just one month ago, it was reported that Greece had only completed two out of its 15 reform "milestones" that were essential for euro zone creditors to start the second bailout review. Yet despite this, Moscovici remained confident that things were done.